Tamil Nadu is set to play a central role in India's clean technology expansion, particularly in the offshore wind sector, according to a new study. The report, conducted by Ocean Energy Pathway and supported by GWEC and COWI, highlights that the state could contribute up to 6500 billion INR (€72bn) in economic growth and generate an additional 805,000 jobs in the offshore wind manufacturing supply chain by 2030.
Achieving India's target of 37GW of offshore wind capacity by 2030 is expected to yield substantial social and economic benefits for the country, with Tamil Nadu poised to gain the most. The report emphasizes that the state's high wind speeds, shallow seabed depths, and proximity to industrial hubs place it in a strong position to lead this sector. Tamil Nadu already accounts for 46% of India's total offshore wind turbine manufacturing capacity.
Charles Ogilvie, executive director of Ocean Energy Pathway, stated, “Offshore wind sits at the nexus of climate and nature, economic growth, and social impact. This report shows that there are tangible opportunities to supercharge the stellar growth that Tamil Nadu has enjoyed in manufacturing, through a strategic focus on this key sector.”
The analysis suggests that with the right policy and regulatory support, offshore wind development in Tamil Nadu could foster job creation, investment, emissions reductions, and trade opportunities. It also points to the need for a clear pipeline and sufficient offshore wind projects to attract original equipment manufacturers (OEMs) to invest in new production facilities in the region.
The report further recommends financial incentives, such as a guaranteed power offtake, and the establishment of a robust institutional framework to guide offshore wind development. These measures, it states, would make the sector more attractive to both business and investors, helping to unlock the state's offshore wind potential.
If India fully realizes its offshore wind potential, the report forecasts a total economic impact of 10,700 billion INR (€119bn) and 1.25 million full-time jobs by 2040.
